Mastercard Incorporated (MA) recently introduced the Mastercard Wholesale Program, a B2B payment product, in the Middle East region in partnership with HSBC Middle East. With the help of the virtual card-based program, HSBC’s travel merchant clients will see smooth automation of buyer and supplier payments.This initiative extends the steady partnership between the two companies. Utilizing virtual cards, travel organizations will be able to digitize their payment process, which will likely enhance security i ...

Visa and Mastercard will pay $197 million to end a class action suit centered on ATM fees.According to court papers filed Wednesday (May 29), the two payments giants have agreed to settle the case, brought by consumers who withdrew cash from bank-operated ATMs, and who accused the companies of anti-competitive behavior by agreeing to control ATM prices and hinder competition between ATM networks.Writing in the court filing, the plaintiffs’ lawyers called the settlement “an excellent result” for their client ...

Mastercard Incorporated (NYSE:MA) Bernstein Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Sachin Mehra - Chief Financial Officer Conference Call Participants Harshita Rawat - Bernstein Harshita Rawat Good afternoon, everyone. I'm Harshita Rawat, Bernstein Senior Analyst covering payments, and I'm delighted to be joined today by Sachin Mehra, Mastercard CFO. Sachin, thank you so much for joining us today. Sachin Mehra Thank you for having me here, Harshita. Question-and-Answer S ...

Mastercard Incorporated (NYSE:MA) Bernstein Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Sachin Mehra - Chief Financial Officer Conference Call Participants Harshita Rawat - Bernstein Harshita Rawat Good afternoon, everyone. I'm Harshita Rawat, Bernstein Senior Analyst covering payments, and I'm delighted to be joined today by Sachin Mehra, Mastercard CFO. Sachin, thank you so much for joining us today. Sachin Mehra Thank you for having me here, Harshita. Question-and-Answer S ...

Mastercard Incorporated (MA) joined forces with a prominent financial solution provider in Ethiopia, EagleLion System Technology, in a bid to provide enhanced access to innovative digital payment solutions for local businesses and consumers of the country. The tie-up will also pave the way for efficient cashless transactions related to public services payments and collection of taxes, in line with the modernization goals of the country’s government.The collaboration involves the integration of the digital f ...

Mastercard Incorporated (MA) recently teamed up with the African Development Bank Group to unveil the “Mobilizing Access to the Digital Economy Alliance: Africa” in a bid to enhance digital transformation efforts across Africa. In the next decade, this initiative aims to provide the continent’s 100 million individuals and businesses with digital access to critical services.The initial scope of the program will be to extend assistance to the agricultural sector and women. A pilot program is also expected to ...

Mastercard Incorporated (MA) recently announced that it had collaborated with Payment24 to expand their involvement across the Eastern Europe, Middle East, and Africa (EEMEA) region, with the aim of enhancing security and reducing losses. It also intends to foster innovation within the fleet and fuel payment sector in the region.The partnership with Payment24, a fuel payment fintech firm, serves to accelerate the adoption of the Europay, Mastercard and Visa (EMV) standard and assist fleet operators in mitig ...

Mastercard Incorporated (MA) introduced a technology advancement in a bid to offer a higher degree of protection for cardholders and assure greater security within the digital payment ecosystem. The new advancement has been built through the utilization of innovative generative AI techniques.While digitization has been a blessing due to its ease and convenience, the trend to go digital often encourages fraudsters to devise sophisticated methods and technologies to indulge in cybercrimes. Fraudsters make use ...

MasterCard (MA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this processor of debit and credit card payments have returned -0.8%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Financial Transaction Services industry, which MasterCard falls in, has gained 1.4%. The key question now is: What could be the st ...

"Whether flying, cruising, staying in a hotel or enjoying one of our many exciting experiences, we want our members to be rewarded when they travel with Virgin," said Andrea Burchett, Chief Loyalty Officer and Managing Director, Virgin Red. "Our new credit card with Synchrony and Mastercard will upgrade customers' reward opportunities so they can earn Virgin Points on travel with Virgin companies, as well as on everyday purchases."The new Virgin Red Rewards Mastercard will allow cardholders to earn Virgin P ...